Murapol's net profit in Q1 above expectations. "We are recording an increase in profitability"

The Murapol Group had PLN 68.6 million in net profit in the first quarter of 2025, which means an increase of 12.2 percent year-on-year - the company reported in a quarterly report. The PAP Biznes consensus assumed a profit of PLN 57.6 million.

Operating profit amounted to PLN 85 million, compared to PLN 70.7 million consensus. A year earlier, the company had PLN 74.3 million EBIT.

The Group recorded sales revenues of PLN 330.6 million, up 1 percent year-on-year. The PAP Biznes consensus predicted revenues of PLN 323.3 million.

After three months of 2025, the Murapol Group's available cash (including escrow accounts) amounted to PLN 287.3 million, compared to PLN 406.3 million a year earlier. Net debt amounted to PLN 309.7 million.

In the first quarter of 2025, the group signed 707 development and preliminary agreements with retail clients (-8.1% y/y). The largest number of apartments in the development segment were sold in Gdańsk – 169, Łódź – 150 and Poznań – 76.

In the first three months of 2025, Murapol introduced 1,045 residential premises to its offer in three cities – Warsaw, Łódź and Toruń.

At the end of March 2025, the Murapol Group’s portfolio of projects under construction included 8,686 units being built in 106 buildings implemented as part of 28 projects in 15 cities, including 7,045 units in the retail segment and 1,641 units in the PRS segment.

"The Murapol Group maintains a stable and safe financial situation. Despite the lower volume of handovers (-12.6%) resulting from construction schedules, we achieved a one percent increase in revenues in the retail segment, among others thanks to the increase in the average price of a handover, which increased by 16.2 percent year-on-year," said Przemysław Kromer, CFO, member of the Murapol management board, quoted in a press release.

"From the perspective of financial results, we note with satisfaction the increase in profitability resulting from the implementation of very successful projects completed in the fourth quarter of 2024," he added.

pel/ ana/